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leader bob dole. he's making a rare visit to the senate floor to make his case. and now that we've had a whole month to digest that election day data, where you'll find those who voted for every presidential winner since 1956. that's in today's deep dive. i'm chuck todd feeling a little clogged up as you might hear. the fiscal cliff counteroffer has one thing in common. the differences between the new republican plan and what the white house proposed are stark when it comes to taxes. the gop calls for $800 million in new taxes. it's half of what the white house asked for. republicans to $67 billion. the gop plan changes how security benefits would be calculated. why he favors tax rates instead of eliminating deductions. not enough revenue. less revenue equals more cuts in education. republicans ruled that out saying the new revenue would not be achieved through higher tax rates which we continue to oppose. they were referring to an erskine bowles plan that he testified to in the fall of 2011. the white house made it clear that's a nonstarter and they won't even respond until the gop pu
as lawmakers are continuing to work on a deal to avoid the fiscal cliff. bob pisani here with the winners and losers on wall street today. over to you, bob. >> take a look at dow, folks, and we did advance despite of an impasse on the fiscal life. ended not far from the highs of the day. in fact, we've been moving up for a while. take a look at the last month. despite the concerns here that we may not get a deal, the market is still saying the outlines of a deal is see very much in effect. gdp revision, existing home sales, best since november 2009. a couple sectors stand out. banks were market leaders again. they have been on fire for weeks now. new highs today, bank of america and citigroup. transports are near a 52-week high. railroads strong, kansas city southern and delta on fire. that stock is up 20% in the last few weeks and jetblue also doing well on top of that. deal of the week, of course, you know the new york stock exchange. maybe it's the deal of the month. 33.12 and ended a little bit before for that the nyc/i.c.e. deal and of course what we don't know is the name of the new
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
right, sharon, thank you very much. i'm here with bob and michael once again. bob, we will start with you. up 75 point on the dow jones. we still have the fed news conference to go, though. >> yeah, here is what is important. there is a tug-of-war going on between the stock market and book market. stocks love stimulus. infinite for stimulus. stim lut infinity. if you look at major sectors. big global gloej areas. industrials, materials, all of your energy stocks. all are kind of moving to the upside today. here is the problem. the bond mark set scared to death of the inflation implications of what the fed is doing today. so if you look at bond yields you will see a big move up in bond yields. if you look at the dollar, the dollar weakened because of course, stimulus means of course cheaper dollar over all. there is a real tug-of-war going on between the stock and bond market. >> we were talking earlier that bond market sees there is a finish line. once we have numbers pegged, they say, rates aren't going to be low forever. if the bond market sees unemployment at 6% or 6.99%, you
treaty to protect the rights of the disabled. this is like a christmas carol. there's poor bob dole off his deathbed in a wheelchair -- >> he's been ill yeah. >> stephanie: last week he was reported to be not doing well. >> slapping him on the back. no, we aren't going to vote for it. it is crazy. >> stephanie: a christmas carol. they're so mean. i hope they say hello to the dodo birds. >> they're pushing bob dole over a cliff in his wheelchair. >> stephanie: caroline says one of their excuses that threatened american sovereignty and the endangered home schooling because it would allow american government to impose new laws on disabled home school children. there is no wording that hints that either one of those things could be true. for some of the senators, the real reasoning was because they believe the treaty is part of a vast conspiracy. >> vast conspiracy to tell us that the world is round. everybody knows that ain't so. we could fall right off. >> stephanie: bob dole came to show his support for the treaty.
perfect christmas. >> dave: thanks governor. this may look like clark griswold's house it is actually bob beckel's home. close enough. wait until you hear why he goes berserk with the decorations. >> my favorite christmas memory it was christmas 1978, my best gift ever a pair of dolls, the incredible hulk and stretch armstrong. hours of enjoyment ensued until mr. armstrong broke and we got ants. here is lots of you and yours christmas and maybe a few surprises. merry christmas, everyone. [ both ] people loved our weddi slide show. that is the end... of carousel one. ...of carousel one. there's carousel two! all right! [ male announcer ] when you combine creamy velveeta with zesty rotel tomatoes and green chiles, you'll get a bowl of queso that makes even this get-together better. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. time for citi price rewind. because your daughter
that bob toll cited, 1.8 to 2.8 million households fewer since 2007 were formed and that's playing catchup. we should have the formation of those households unrolling now. >> i thought it was amazing. saying the optimism has to do with demographics and not the fiscal cliff. kimberly clarke talkeded abo ee decline in birth rates. i don't shop for diapers. >> i did. not long ago. >> are you out of it? >> tail end. >> such a nice thing. >> amazing statement by them saying, listen, not a lot of people are having kids. >> what about adult diapers? >> there is some household formation in the u.k. we'll get at least one new baby in the u.k. right? >> she's a smart person. i wasn't going sexist there. i know better than that. i'm not going over the sex cliff. >> she's fashionable. >> yes, she is. >> even i know she's fashionable. >> whatever she wears maternity wear, it will be a boost. >> does she go to gsw? i said that was discount. it's designer. and you've got to go there. >> there's one on 79th street. >> gorgeous store. you can go to whole foods and you can buy shoes. may i suggest you do th
" is the nfl at a crossroads. what sportscaster bob costas says about the league's gun and con krugs problem. >>> and "starting point" team heading in to join us. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. cisco. alriwoah! did you get that? and...flip! yep, look at this. it takes like 20 pictures at a time. i never miss anything. isn't that awesome? uh that's really cool. you should upload these. i know, right? that is really amazing. the pictures are so clear. kevin's a handsome devil that phone does everything! search dog tricks. okay, see if we can teach him something cool. look at how lazy kevin is. kevin, get it together dude cmon, kevin take 20 pictures with burst shot on the galaxy s3. >>> good morning. welcome back. our team this morning, bob shrum is back. you must have had a good time. >> you asked me back. >> and nan ha
>> bob: yesterday, senator from hawaii, excellent man who died and yesterday he was lying in state. at the capital. there is a picture, poignant one of bob dole, the former senator from kansas. a great man. who was standing -- do we have the picture of dole? standing at the casket, saluting. they are two great americans. it wish him -- i wish him a great trip to heaven and bob dole, a wonderful human being. >> kimberly: that's it for us at "the five." set the dvr for the christmas special monday at 5:00 p.m. eastern. for all of us travelling home for the holiday. have a great trip. good night, everyone. >>> this is a fox news alert. i'm john roberts in for bret baier this friday evening. president obama came out moments ago to address the fiscal cliff. saying he still thinks a deal could happen. but that now is not the time for self-inflicted wounds. this is after house speaker alternate way out didn't make it to a vote in the house. we have fox team coverage. ed henry focuses on a tale of two white houses with messaging. but first, mike emanuel looks at where the republican goes f
. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only national lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national. go like a pro. >>> you know it is going to be interesting when snoop city on the floor. time for the mad dash. talk con-agra, stock close to 13-year highs lately. >> jerry rod kin an amazing ceo, one of the best consumer -- one of the best consumer packaged goods men i have he ever seen. moving aggressively a private leve
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
in the room and how chris christie answered it on national television. [ male announcer ] this is bob, a regular guy with an irregular heartbeat. the usual, bob? not today. [ male announcer ] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring mens bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat
. we are at the gi bill rates the guys came back from the war. >> bob pisani is here this morning more on what's moving. hey, bob? >> let you know about an ipo pricing down here, pbf energy here operation 20.5 million shares at 26. this looks ready to open at 28. the book is frozen right now so that means that the -- the specialist you can the dmm here has indicated the final price is in, it looks like pbf is going to open right now at $28, one of two ipos down that are priced today, solarcity pricing over on the nasdaq that is not yet open. get to more on that shortly. guys, mentioning when will the bond bubble burr president? big topic overnight that i was getting, at least. the feds actually yesterday, yields spiking up, reignited this debate. remember, this was the big call at this time last year, 2012, the year the bond bubble burst. by the way, it hasn't abated. it has continued into the fourth quarter of this year, despite other people's predictions. seen continue outflows in stock mutual funds, the call for 2012 the wrong call, reignited, you mentioned ray dal yo, dave rubenste
all she's got, and just like spock, they want you to live long and prosper. bob in florida, bob? >> caller: hey, big boo-yah to you, cramer. >> right back at ya. >> caller: first thing i want to do is thank you quick for all you do to demystify the market for people. >> that's my goal. thank you. >> caller: i'm guessing i'm not the only senior citizen living on social security that depends on a portfolio of dividend stocks as a supplement. i'd like to get your take on the future of the income stream that took me so long to create. with one stock in particular, windstream. >> i'm worried about windstream. and i read a lot of the analyst reports and they say, listen, you should be worried. when i have everyone telling me to be worried, i'm not someone who whistles past the graveyard. i say ain't worth it. >> sell, sell, sell. >> john in new york, please, john? >> caller: hey, how you doing, jim? i was wondering how you feel about nokia being that they signed on to china mobile. >> everyone's all of a sudden very excited about nokia. it's on a run. i understand a $3 stock can go to
because we were increasingly agitated by what turned out to be genocide really and worked with bob dole and joe biden to push the clinton administration to finally get into it. but there began a working relationship of friendship and really based on i think values that we all shared. this youngster came along in 2002, the kid, and basically we believe that america has a responsibility to be involved in the world in protection of our values and our strategic interests, all of which helps us be safer and freer here at home and it's just grown. >> senator graham, what is the secret to proper bipartisanship, do you think? >> well, in fairness to our colleagues, pierce, there's a lot of real close friendships around this place. there's a lot of republicans and democrat who get along very well and work together. the reason you're talking about the three of us, i think, is because of 9/11. there had never been an attack on america, we would have been three friends who travel and socialize, but what brought us together and put us on the map, after we were attacked on 9/11, everything in our cou
children to sweat shop work day? >> anyway, let's check with bob pisani with more on what's moving today. >> let's talk about what the trading day's going to look like. that was the main topic of conversation overnight and through this morning. i would note, folks, i know this is not a good open, but we are well above where we were at the close last friday. so we were 1413 last friday at the close, 1427 now. i think on the s&p 500. okay. it's a bad day, a down day, but we're still actually above where we were at the close last year. we're up for the week on the s&p 500. i think the problem now is going to be talking about what the rest of the day's going to look like. my sense talking to everybody is, they'll try to sell at most of the rallies that go on, just to protect themselves for what we've been seeing here. that's going to be a problem. because i know you're hopeful maybe we'll get a move up toward the close. i think selling into the rallies is going to be a general problem. i specifically was talking to people about that today. we've been rallying. the biggest problem that we hav
vowels in his last name than consonants. >> let's go to the futures pits where bob iaccino is standing together. >> would you say chee-no, bob? >> would you like it in english or italian? >> iaccino. with that singing. >> wa part of italy, do you know? >> cosanza is the town. it's the foot of the boot. >> not a bad part of italy. >> no, there's really not. >> bob, help us here. >> i don't know if i can. >> you've got to. >> rise above, bob. >> just explain the volatility issue at a minimum. where do we go over the next two days of trading? we have today, we have monday and obviously we don't have tuesday. >> well, i don't know that we do a whole lot. i believe markets are just on the sidelines since before the start of the holidays for the most part. i believe there were some people holding out waiting for a fiscal cliff solution. i think we're going over the cliff, but we're grabbing one of those cartoon roots sticking out as we go over it. i think it will be a matter of days before just the political pressure of going over the cliff causes them to do about a 12-month deal. it's just
] bob has afib: atrial fibrillation not caused by a heart valve problem, a condition that puts him at greater risk for a stroke. [ gps ] turn left. i don't think so. [ male announcer ] for years, bob took warfarin, and made a monthly trip to the clinic to get his blood tested. but not anymore. bob's doctor recommended a different option: once-a-day xarelto®. xarelto® is the first and only once-a-day prescription blood thinner for patients with afib not caused by a heart valve problem, that doesn't require routine blood monitoring. like warfarin, xarelto® is proven effective to reduce the risk of an afib-related stroke. there is limited data on how these drugs compare when warfarin is well managed. no routine blood monitoring means bob can spend his extra time however he likes. new zealand! xarelto® is just one pill a day, taken with the evening meal. and with no dietary restrictions, bob can eat the healthy foods he likes. do not stop taking xarelto® rivaroxaban without talking to the doctor who prescribes it for you. stopping may increase your risk of having a stroke. get med
't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. >>> 16 minutes past the hour. need a reason for a flu shot? how about this? cdc says this year's flu season is off to an early start for the first time in near ly a decade. parts of the south reporting unusually high case numbers. but there's a silver lining. doctors say this year's flu shot is an excellent match to the strain. >>> hillary clinton for new york city mayor. that's what outgoing mayor michael bloomberg wants. according to the "new york times," bloomberg reach ed out o the secretary of state and asked her to consider running next year but says hillary clinton declined. secretary said she will leave public service once her successor is in place. >>> one of the worl
to have the day off today. our guest host today is bob broska. house speaker john boehner urging the senate to come up with a passable fiscal cliff solution. he's promising to at least consider any bill that the upper chamber produces. senate majority leader harry reid now expected to base any legislation on a bill passed earlier this year to continue tax breaks for households will incomes below $250,000. a senate bill would likely contain an extension of expiring unemployment benefits. and the other big news of the morning, treasury secretary tim geithner unveiling a plan to buy time under the debt ceiling. in a letter to congress, geithner saying that treasury is going to begin taking steps this week to delay hitting the government's 16$16.4 trillion borrowing limit. treasury will take several measures to save that next year to keep the government from reaching the limit for about two months. but geithner warns it is harder to predict how long the delay will last because of all of this ongoing fiscal cliff negotiations making it harder to forecast what revenue and tax spending
on the "closing bell." bob, these projections... they're... optimistic. productivity up, costs down, time to market reduced... those are good things. upstairs, they will see fantasy. not fantasy... logistics. ups came in, analyzed our supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. just a few minutes before we close out session, the volatility index is up better that be 10%. take a look. what does this tell you in the investor we bring into the conversation right now michael pento along with brian beleskey from bmo capital market. thanks so much for joining us. michael, what's your take on this volatility index? >> it's been a lousy investment. you can't buy volatility, you have to buy the vxx and like t
in 2008. was he the right choice this year, bob? >> well, if you go by their criteria of the most influence in the world of better or worse, can you make your argument. my argument for person of the year would be the central bankers of the world. from bernanke to the people at ecb, all the way to the bank of japan. those people had the biggest impact -- >> you are a finance guy. god bless you. >> i'm a little nerdy. sorry about that. >> we should do our own cnbc show. >> it is present company excluded. >> good call, john? >> no. really boring. really safe. not a very good call at all. he agree with bob here. absolutely. the central banker was the person of the year, same way the personal computer was years ago and you were, you know, as they put up a mirror, the most influential people this year were central bankers from japan to the united states to europe to mark carnie pulled out of canada to be uk central banker. that's the big story. >> my people of the year would have been the teachers and students of sandy hook elementary. i think they have changed america forever. sue? >>
we just heard from kenny and from bob. kenny, you were shaking your head, so angry at what is going on down there. the mark set telling them to get to work. and it's ridiculous, nothing is happening. >> i think the mark set tired of giving them a free pass. i think the last couple weeks, the market has been giving them room to negotiate. i think after what we saw last night, the mark set disgusted as it rightly should be, as our investors. >> thank you. sorry. >> i think this story today that they are trying to say this is strategic on boehner's part. i'm scratching my head. what is strategic in grand standing about how to pass it. then pulling out because he had no support at all. then today the senator saying, they misunderstood. what did they misunderstand? >> yeah. i think the important thing -- by the way, john harwood is hysterical describing what happened. that perfect. there are people trying to buy the lows of the day right after the open. remember this is quadruple witching. so there is a lot of volume down here. now we are essentially sitting a lows of the day. as we brea
that the lines of communication remain open. but yesterday another influential republican, senator bob corker from the senate banking commission said his party should consider the president's idea of raising tax rates on the wealthy. >> there is a growing group of folks that are looking at this and realizing that we don't have a lot of cards as it relates to the tax issue before year end. we have one house, that's it. the presidency and the senate is in the democrat's hands. a lot of people are putting forth a theory and i think it has merit where you go in and give the president the 2% increase that he's talking about, the rate increase on the top 2% and all of a sudden the shift goes back to entitlements. i actually am beginning to believe that is the best route for us to take. >> but on "meet the press" house majority whip kevin mccarthy disagreed on giving way on tax increases while his counterpart in the senate, dick durbin, said the president was willing to go off the cliff if necessary. >> the president wants the rates to go up, that doesn't solve the problem. we don't want to be back
here. people feel like it really keeps netflix in the game. >> we want to get a little more from bob, who is in the crowd, where berkshire has halted for news pending at this point. bob, there's been talk that berkshire quietly acoming a big stake in avida. that's now 13%. maybe it has other intentions in terms of ownership with that company. >> significant speculation just from what the news pending is. we don't know what it is. but i want to note, melissa, berkshire class a and class b shares are both halted news pending. the crowd is just sort of standing around here with orders to buy or sell, waiting to find out exactly what the news is going to be. you'll notice we're up again today. the sixth day in a row the dow industrials are up. optimism on the fiscal cliff being resolved. i'll tell you this, somebody's very wrong about 2013, because there's two camps that are quite at odds with each other right now. the first one i've been telling you about, it's been quat bearish on this. that the fiscal cliff will be a headwind for stocks. that this represents the start of a new america
. no reason given. they have hired them, which is another, hmm, wonder what they're up to kind of move. bob pisani is on the floor with what's moving today. >> we're up 24 points in the dow. and a lot of people think a grand bargain is impossible at this point. but president obama coming back from vacation in hawaii. that's an indication that some kind of deal -- however small -- is definitely coming. i want to point out, and i know you've been negative on this mastercard data on retail sales, and everybody thinks it's going to be a mess for the holiday season. i want to point out that the stocks are not acting that way. that this is a disaster for the season. the s&p retail index hit an historic high on december 3rd. historic high. since then, it has only been down about 3%. these stocks are not acting like there's a disaster. i can give you several reasons why they're not down so far. number one, we are going to see eps growth in the fourth quarter from some of them because of the extra week that there is. number two, we've had much lower cotton costs this year. their overall costs are lo
governor, bob mcdonald, ohio governor john kasich all dropping by to talk to mr. adelson. ken vogel on politico's site has told adelson and friends he's looking for someone to run with executive experience. that's intriguing. that suggested he might be looking beyond paul ryan, beyond marco rubio to one of these governors. it's also happening on the democratic side, martin o'malley, one of the candidates who for sure wants to run is having a fund-raiser here in chevy chase, maryland, today. then he's going to be out in los angeles this week talking to big funders. another possible democrat, andrew cuomo, your governor there in new york, to be here in d.c. today talking to new york members and senators. >> never too soon to get started on 2016. mike allen with a look at the "playbook." thanks so much. >> have a great week. >>> coming up next on "morning joe" -- >> here we go. final seconds. luck steps. luck, a little flip, donnie avery, he's in! touchdown! indianapolis has done it! >> that is the rookie, andrew luck, engineering a last-second comeback against the lions. the indianapo
, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> welcome, everybody. right now you can see futures up about 45 points for the dow jones. in the headlines, bernie madoff's younger brother is expected to face a judge today for his role in the multibillion dollar ponzi scheme. apparently victims of this scheme are lining up to watch this happen today. >>> new social media app hucsster allowing users to flag items for when they go on sale. >>> explain what this is for those who haven't downloaded the app and need to go and do it right now. >> hucster is a platform that tracks specific items across your favorite retailers and let us you know when they want. >> so there's something i want, like a vitamix blender, you would put it in and it would track it at the cheapest retailer? >> well, we would track it for coupons, promotions at your favorite retailer and anytime the price drops, we would let you know about it. >> what is the hottest item of the holiday season? >> there was a vest from j. crew that recently sold out, but you prob
. if i lived in brazil. bob's is one of the most poplar fast-food joints in the country is now serving up burgers with edible wrappers. the ad campaigns claim the customers want the food so badly they can't wait to unwrap it. here to chew through all the details including the wrapper, my favorite branding expert bruts turk kel. thanks for coming back to the show. >> sure. melissa: is this marketing genius? they shof the whole burger in their mouth because it is delicious? >> from a mark the asking point of view, the burger is so good. they can't wait. they have to tear into it. that is kind of like wearing crocs because you don't want to take your shoes off to take a shower. i'm not sure people will buy that but another thing to think about. 17% of the fast-food in the country is in cars. why they have french toast sticks and burger bites and clicken tend ders. the big messy burgers like the one you like you can't eat in the car. if they can wrap them up take them in the car, those are suvs for fast-food companies. that is where they make the money. melissa: i hear you on that point. it m
away. we miss him. >> rest in peace. >>> let's check in with bob on that note. hey, bob. >> china. finally something from the leadership. we have been waiting for weeks, months, remember, everyone has been waiting for them to try to find where their desks are and find out where they can live and where they can stay and sit down and get used to the furniture and look around and say what are we going to do with the economy. we've been waiting no comment. we got comment from the party chief who made a speech in beijing and talked about what was going on. he used words like expanding domestic demand. used words like supporting urbanization. this is what everyone wanted to hear. those are buzz words. those are code words for stimulus. that's what the market is reacting to today. 2% move up in china in shanghai and even hong kong stocks. they moved together. this hasn't happened in a long, long time here. the bottom line is we're finally starting to hear from the leadership. they found their offices and things are starting to move and that is certainly very, very good news because now t
of republicans, including senator bob kocorker e saying. >> a growing group of folks are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. a lot of people are putting forth a theory and i actually think it has merit. you go in and give the president the 2% increase that it's talking about. the rate increase on the top 2%. and all of a sudden, the shift goes back to entitlements. >> now, it seems soledad, that the growing talk here is among row public i had c republicans saying budge on giving the rate increase to the top 2%, the wealthiest americans. maybe not go up as much as the white house wants, but give them the increase so we can move on to entitlements, talk about social security and medicare. that is a senator, and president obama's major obstacle is dealing with house republicans. >> if they do nothing, everybody's rates go up anyway. >> that's exactly right and there is growing international pressure. we heard from the head of the imf saying, if you go this route no, growth in the u.s., there is starting to be pre
perhaps by the winning team? bob is the athletic director at arlington high school that, school that lost big time. so thank you for joining us, bob. are you upset with bloomington south? >> thank you for having me. as a school we hold no hard feelings toward bloomington south. the way we look at it now our girl's basketball program is at the very beginning stages of development. we currently have ten girls in the whole program. six of those ten are playing basketball all together for the first time in their life. i'm not talking being on a team, really just playing the game for the first time. bloomington south, year in and year out is a state power. currently they're 8-1. ranked number 10 in the state. so we definitely -- we just see it as two programs that are about on polar opposite ends in the spectrum. >> brian: i would say so, but i think there's a lot of teams substantially better than their opponents. they don't win by 105 points. would you be dispint fundamental a team under injure jurisdiction won by 105? would you angry at that coach? >> well, i mean, we trust bloomington sout
kind of deal, but as bob pisani's been saying, i'm wonder if it's a bite rumor and sell the fact situation. >> more negative now than when i came down here. >> that's not very encouraging. where's the hope "closing bell" is next. >> a government fractured, a market paralyze. a call to action our markets careen towards the sharp edge of the fiscal cliff. we've is asked our politicians to seem compromise and find a solution. the clock is ticking down. the stakes are getting higher. now we're turning up the pressure. this is a cnbc special report, "mission critical, rise above d.c." >> and we do welcome you to "closing bell." i'm bill griffith here at the new york stock exchange. hey, maria. >> hey there, bill. big rally where you are. i'm bartiromo coming today from the white house for our special coverage. stocks rallying on the on the missile that perhaps we are nearing a fiscal cliff deal. coming up we'll, find out from key lawmakers in the fiscal cliff negotiations how we can actually get a deal done before the deadline. representative chris van hollen, lynn jenkins and javier
in strong. upbeat news from the state released today. maria? >> market down 74 and right over to bob pisani we go. ? >> maria, take a look at the dow industrials. the fiscal cliff smacks around the stock market today. did rise out. word got out that we have a meeting at 5:00 p.m. between representative boehner and president obama, but bear in mind here we sold off yesterday on the news announcement of additional treasury purchases, and a large part of the decline on the day is the sell on the news from the fed announcement. two issue, fed and, of course, fiscal cliff moving stocks here. take a look at the major sector, dollars reversed the declines of yesterday. energy, tech, materials, all down. volatility, everybody is waiting for it, but the vix does not move at all. just a modest move again today. the fiscal cliff looks like it's going to be resolved. that's what the vix is saying, and the fed's actions are not going to create volatility, even additional futures contracts in the vix are not higher in the last several weeks here. we did have a spike in bond yields yesterday. some good ve
? who would have thought? i did. we did, bob. we did. got it. [ female announcer ] almost nothing can dampen a baby's mood, when he wakes up dry in pampers. unlike other diapers, pampers has 3 absorbent layers, for up to 12 hours of protection overnight, and more beautiful mornings. ♪ pampers. peaceful nights. playful days. >>> our second story "outfront," arming your child's principal. tonight, arizona's attorney general tom horn back to plan to arm principals with a gun that could be used in an emergency like the horrific school shooting in newtown, connecticut. but are more guns in our schools really the answer? "outfront" tonight, ryan, political analyst, roland martin. good to see you. is this just playing up to the nra or a plausible solution? >> it's certain ly not a plausible solution, but the problem is, there are no plausible solutions. there's a guy, a criminalnologist who wrote a great piece about this. the thing with mass shootings, these guys are well prepared. and so, the idea from the right that you're dpoipg going to arm politician official, have them at every schoo
about 18% year to date. back to you. >> thanks so much. bob pisani is here on the floor of the nyse, steady as she goes, caught in the narrow range today. >> sectors either side of positive or negative, a few individual groups are meeting, i want to highlight, a lot of questions about the retailers. historic high yesterday a number very weak. a lot of questions on gap. the reason gap is down is made some very cautious comments on gap, citing competition concerns, specifically talked about kohl's high inventory level that might cause them to be aggressive with promotions. weather unseasonably warm, not good for apparel. consumers hesitant. dashed.came out cutting guidance, own red lobster, cited consumers out there. playing in with the slight consumer slow down trend, see the notable restaurants down three 3, 4 or 5%. finally, sue, the bank index dropped here today and i can telling you the reason for that one today. elizabeth warren named the senate banking committee. ms. warren is a leading supporter of being very aggressive on banking regulation. the minute we sort of got confirma
. the senator from tennessee, bob corker, ribbing the president and chastising him for what he just calls his press conference. let's listen for a moment. >> without objection. >> mr. president -- >> senator from maryland. >> mr. president, i rise to speak on behalf of what is going on here today as the new chair of the -- >> okay, so tax hikes, it looks like tax hikes instead of affecting 98% of all americans will affect only the 5% of top earners. does that mean everybody is free and clear? not exactly. tomorrow, your paycheck will likely shrink. and that's with or without the fiscal cliff. that's because the payroll tax cut expires at midnight. right now, it does not look as if congress plans to extend it. the 4.2% you pay into social security will now go up to 6.2% of your salary. lawmakers have been so consumed by the fiscal cliff that it appears little was done to extend the 2010 payroll tax cuts, put in place by president obama two years ago in order to boost the economy. so what does it mean to your wallet? here is how much less you'll bring home if it expires. paychecks shrink $50 a
, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our liberty and of sound economic policy within the context of the majority senate that frankly just think it's good for the country for the government to be bigger. the government is counterproductive to the performance of the rest of the world. >> thank you for coming on. >> i would respectfully suggest that the government is grown too big, promised too much and waited to long to restructure, but it's not too late. and i would also respectfully suggest that both political parties are responsible for that. >> absolutely right. >> we need comprehensive tax reform. and what i'm concerned about is that we're not differentiating between this fiscal cliff, it's the symptom, and the diseas
-to-work legislation. bob king, united autoworkers president yesterday. >> i think that unions -- i think things like this are waking the sleeping giant. working families are tired of losing. they want a fair share of the prosperity of this state and this country and i think that's going to help build the union movement. >> stephanie: yeah. i love the republican house speaker. this is about freedom. fairness and equality. these are basic american rights, rights that should unite us. that's why we did this behind closed doors with no referendum because we knew it would unite us. >> freedom for ceos. >> stephanie: michigan's future has never been brighter because workers are free. >> free to live on the streets. >> stephanie: yes. >> in winter. >> stephanie: ah yes. senator carl levin of michigan. >> he has a responsibility as governor of avoiding this kind of a cliff. it is not -- it's not good enough we told him -- for him to say that he would like to get this behind us. >> stephanie: he went on to say -- the senator
senator robert byrd of west virginia. former vet bob dolan said "senator inouye was one of the senate's giants. he believed in civility and compromise when necessary and he was a good, good friend." senator dole and inouye long before they were both senators were in a military hospital for almost two years together in michigan while they were both recovering from their injuries from world war ii. two great friends. soledad back to you in newtown. >> my goodness and the story of what he did, what happened when he lost his arm and how he was able to save himself in world war ii, that is an incredible story. thanks, john, appreciate it. >>> the horror of newtown brings to mind so many other shootings, the assassination attempt on arizona congresswoman gabby give fords, january 8th of 2011 and left six people dead. among those wounded was ron barber, giffords district director. he took down when she stepped down. he won a full term last month. congressman barber thank you for being with us. >> good morning, thank you for having me on. >> it's my pleasure. what was it like to hear about th
... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. >>> we're going to take a quick break now. we have the weekend box office winners all next. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ from td ameritrade. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. >>> welcome back to "squawk box" this morning. in the headlines, a new jersey pension fund is suing the new york stock exchange over a deal. carpenters says the deal undervalues the company, the second such transaction since last week. and samsung is embroiled with another patent dispute, this one not
's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did have some more bad news out of japan with business sentiment there weakening. as melissa was mentioning earlier, positive news on the manufacturing front in china. that's giving a lift, as she pointed out, to a number of mining stocks. while it's also giving a lift to energy, or to oil prices this morning, i should point out, some of the big name oil companies were a little bit lower in early trading, again, those being exxon as well as chevron. the traders said the bid in the market remains strong despite concerns about the fiscal cliff in large part because the investors remain positive going into 2013. this is the markets r
supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> welcome back, everybody. if you are just waking up, the end of the world has come and gone and we are still here. dow futures are indicated sharply down, weaker by about 142 point. that's coming after boehner's plan b was never brought to the floor because they didn't have the votes. that has a lot of people thinking that it is going to be much more complicated to get any sort of deal by the end of the year. you see some reflection in the markets, certainly not the reaction that we saw after the t.a.r.p. vote faile
that teachers be armed as well in the classrooms, governor bob mcdonnell who thinks that might be a way of mitigating the circumstances or stopping or preventing this kind of prajdy. something has to be done. >> alisyn: that's ratcheting it up further, to have teachers armed in the school. but to the flip side of what you're saying in terms of it may or may not work. it's a deterrent and if you think having armed guards, that's almost impossible to measure. how do you measure something that didn't happen? it's hard to know to protect. >> kelly: also i like facts and i like statistics, i'm into that and you know, the facts are if you have a gun in your home, that you are not likely to get to it in time. so, the idea that you have a gun in each classroom, chances are you're not going to get to it in time it and the problem, if you have a gun in the classroom, don't the other students then know that, aren't they aware of that. if you have a students like adam lanza in your class and they're aware of a gun in your classroom and where the key is kept, it raises prickly questions, not easy t
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